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Submitted Assignment from the year 2020 in the subject Computer Science - Commercial Information Technology, grade: A+, University of Northampton (Amity Global Institute, Singapore), course: BA (Hons) Business Stduies, language: English, abstract: Begun in the early 2000s, identity thefts, scams and cybersecurity frauds started to become prevalent. The reason behind this was that people were more eager and tempted to update their personal information in the digital and social platforms. Globally, the number of companies and governments are engaged in decreasing these scams and thefts. As there is immense improvement in advancement of technology, the risks associated increase at the same level. So, in order to face challenges like this in information technology, various steps and techniques are getting implemented by renowned and skilled technicians nowadays. This report will analyse the issues in detail along with the mode of operation of cybercrime related thefts such as phishing, skimming and provide possible recommendations with statistical evidence by comparing it globally on how it can be brought down to a minimal rate.